UK Rents Rise 0.1% Per Month
UK rents are on the rise according to the latest buy to let index from LSL Property Services…
Comparing annual returns generated by rental properties between 2009 and 2010, the LSL has discovered that rental returns have risen to 13.3% in March, enabling the average property investor to witness positive cash flows of £20,580 a year.
Rents too are reported to be rising at a rapid rate of 0.1% per month, bringing average UK rents up to £659 per property.
However, despite these evident improvements in the buy to let sector, UK rents are still £29 lower per month than they were in August 2008…
Yet with tenant arrears falling to only 10.1% of all rents – a new low of only £227 million– all signs seem to point to the fact that property investment in the residential sector is improving exponentially.
The fact that property advisors are advising commercial property investors to change their focus and venture into the residential sector is proof that buy to let market is becoming increasingly more profitable.
Latest figures from Curzon Investment Property for instance have shown capital growths of 8.1% during the last 12 months, with the residential market once again outperforming the commercial property sector for the third consecutive year in a row…
Related posts:
- Rents Rise For 6th Consecutive Month In A Row
- Rents Rise 2.3%!
- Buy To Let Rents Top 2008 Highs
- 16.9 per cent rise in the UK quarterly property index
- Buy to let market is the strongest it has ever been as rents reach all-time high.
Tags: buy to let, buy to let market, commercial property, property advisors, property investment, property investors, property market
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